The Ai Group Australian Manufacturing PMI dropped to 52.5 in July 2022 from 54 in the prior month, amid fewer enquiries, weather conditions, delayed construction projects, and supply chain difficulties. Output growth slowed (47.5 vs 54.7 in June), mainly due to the machinery & equipment, chemical products, and building materials; while both export sales (51.2 vs 53) and employment (50.1 vs 51) rose at softer rates. Meantime, new orders accelerated (59.9 vs 55.7), despite lengthening delivery time (47.4 vs 51.5). Turning to prices, input cost declined for the first time since February but remain at very high levels (79.7 vs 89.3), amid persistently high energy prices and other costs; while selling prices were also lower as fewer manufacturers are able to pass on costs to their customers (64.5 vs 67.8). source: Australian Industry Group
Manufacturing PMI in Australia averaged 51 points from 1992 until 2022, reaching an all time high of 63.20 points in June of 2021 and a record low of 29.47 points in February of 2009. This page provides the latest reported value for - Australia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Manufacturing PMI in Australia is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Manufacturing PMI is projected to trend around 53.00 points in 2023, according to our econometric models.